BUSI 3410U Lecture Notes - Lecture 5: Mutual Fund
Document Summary
If you sold it on saturday, tuesday night is the prospector due date. Mutual funds is a great way to start for everyday investors, retail investors. Closed end fund that issues new funds, traded on the market like closed end fund but it also creates new units. If you like etfs, your philosophy is, in the long run, you have to like the markets. You believe that it"s beter to buy the market than hiring a manager. If you want to do opposite of the market, buy it. For clients, you need a securiies license to buy and sell etfs. It is an insurance product but it looks feels like a mutual fund.
